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Mar
26
Australian fintech Airwallex confirmed as latest fintech unicorn following Series C fundraising
Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Founded in Melbourne in 2015, Australian fintech Airwallex has grown from an emerging start-up to a global challenger in the crossborder payment space, supporting a client base of internet titans including JD.com, Tencent and […]
Mar
18
Regulatory regime for initial coin offering on the cards
The federal government is considering regulating initial coin offerings, a niche form of private fundraising for the technologically sophisticated developer community, in a move that could give blockchain-based start-ups an alternative to traditional capital raising. With ICOs around the world largely unregulated, they are considered the “wild west” of capital markets where scams and fraud […]
Feb
22
Five tips for getting the most out of your equity crowdfunding campaign, from founders who have been there
Since equity crowdfunding launched in Australia in 2017, startups in their droves have looked to the public to help take their venture to the next level — albeit some more successfully than others. But from the modest to the multimillion, what is it that made the successful raises successful? These founders have all been there, […]
Feb
13
Big lending fall shows businesses need to investigate crowdfunding options
A significant drop in lending activity during December has illustrated the need for business owners to investigate other ways raise growth funds, including crowdfunding, according to a major Australian crowdfunding platform. According to Australian Bureau of Statistics (ABS) figures which were released today, the value of lending commitments to businesses fell by 9.7 per cent […]
Feb
12
Fintechs received almost half of $1 billion in startup funding from last quarter
The quarter ending December 2018 saw Australian fintechs receive $508 million in funding. A new report of funding for Australia’s startups and young tech companies by Techboard has found that these companies received an impressive $1.066 billion in funding in the quarter ending December 2018. While this was a small reduction from the $1.085 billion […]
Jan
29
Crowdfunding success for Australian brewers
Gold Coast brewery Black Hops has hit its fundraising target of $400,000 just six days after opening its offer to the public. Matt Vitale from equity crowdfunding platform Birchal said he was delighted with the result. “Black Hops offer was fully subscribed last night, reaching its maximum target in just six days,” Vitale said. “We […]
Jan
15
Xinja launches second equity crowdfunding campaign on Equitise platform
Pioneer Australian neobank Xinja today gives everyday Australians another chance to join the digital banking revolution by purchasing shares through leading equity crowdfunding platform Equitise. The raise – opened early to existing investors, customers and people who had registered interest – has passed the minimum of $500,000 in less than 9 hours. Xinja, a digital […]
Dec
03
Xinja to launch second equity crowdfunding
Xinja, which is building a 100% digital bank or ‘neobank’ designed for mobile, is inviting potential investors to register their interest in its second equity crowdfunding, which will get underway early in 2019. The offer, through Equitise (with whom they partnered for the first round), is targeting a raise between $500,000 and $5 million. Shares […]